Implementation of local body tax: PCB to send draft public notice to MoDhttps://indianexpress.com/article/cities/pune/implementation-of-local-body-tax-pcb-to-send-draft-public-notice-to-mod/

Implementation of local body tax: PCB to send draft public notice to MoD

In a bid to increase the revenue generation,the Pune Cantonment Board is likely to implement the imposition of the Local Body Tax (LBT) within the limits of Pune Camp.

In a bid to increase the revenue generation,the Pune Cantonment Board (PCB) is likely to implement the imposition of the Local Body Tax (LBT) within the limits of Pune Camp. A decision to send a draft public notice to the Ministry of Defence (MoD) was taken in the recent General Body meeting of the PCB.

The meeting was attended by Brig Lalit Joshi,president,PCB,CEO K V Nagi Reddy and other elected members. It may be noted that the board is expected to generate a revenue of Rs 40 crore per annum. At present,the PCB generates Rs 1.5 crore from the Pune Municipal Corporation (PMC) in the form of Octroi.

But the decision to implement LBT is significant on the backdrop of the state government’s decision to abolish Octroi within PMC limits which is likely to cause a dent to the revenue focused cantonment board.

The Indian Express in December had reported as to how the state government decided to abolish Octroi with effect from April 1 and would allow the municipal corporations to impose local body tax as a substitute. As per section 66(2) of the Cantonments Act 2006,the board has the power to impose any tax which under any enactment for the time being in force may be imposed in any municipality in the state where the cantonment is set up.